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Tesla loan comparison spreadsheet - auto updates hourly

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Ah yes, if you're an established customer already that makes more sense. I could see them being a little confused if someone just calls up "demanding" for a loan product that they don't readily advertise :p
Exactly! First loan I got with them was a Prius Prime, paid it off within a year and traded it off for this car.
This model 3 is the second car loan I got with them. So now I am a returning customer.

But I still strong armed them went from 2.99 to 2.45 to 2.20.
 
I asked the same question and they replied with "SkyOne Federal Credit Union". SkyOne doesn't advertise those rates (claims they don't go that low OR that long of a term) so it sounds like you have to strong arm them a little or negotiate. If I were you I probably would just go with a different lender. Carolina Cooperative Federal Credit Union seems to be a good go to for new Tesla loans and they clearly advertise 2.49% for 84 months. That interest rate difference is only worth about $5/mo on a $40k loan...

Edit: Right from SkyOne's web site; "The lowest new vehicle rate offered will not be lower than 2.99% APR" and "Maximum term at new vehicle rate is 60 months for new and used vehicles"

I am going to sign with Carolina for the 2.49 for up to 84 month term. There’s a local credit union here in FL that claims they will rate match/beat. Might put that to the test. If they do it would be 2.29 for 84. As you say like $4/month but I’ll take it if they make the process painless...
 
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I am going to sign with Carolina for the 2.49 for up to 84 month term. There’s a local credit union here in FL that claims they will rate match/beat. Might put that to the test. If they do it would be 2.29 for 84. As you say like $4/month but I’ll take it if they make the process painless...

that means you are only end up paying $6 for Tesla Premium Connectivity service.
 
I am going to sign with Carolina for the 2.49 for up to 84 month term. There’s a local credit union here in FL that claims they will rate match/beat. Might put that to the test. If they do it would be 2.29 for 84. As you say like $4/month but I’ll take it if they make the process painless...
I'm in FL as well. Would you mind sharing the credit union that claims they will rate match?

Thanks,
Dk
 
Thanks Clark, I've never had a loan longer then 72 months. Even that seems too long, but the cars are not getting cheaper so longer terms are needed. I just worry about having multiple pulls.

These should be "soft" pulls or "inquiries" they should not affect your score like a "hard" pull. You are allowed to shop for a loan and shouldn't be punished for trying to get the best rate. 72 months is scary but Tesla's seem to hold their value very well which helps.
 
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These should be "soft" pulls or "inquiries" they should not affect your score like a "hard" pull. You are allowed to shop for a loan and shouldn't be punished for trying to get the best rate. 72 months is scary but Tesla's seem to hold their value very well which helps.
I agree a 72 month term is on the longer end of what most folks are comfortable with, but to your point the risk may be mitigated due to excellent Tesla resale value. I’m actually impressed with the data I’ve seen on Tesla resale.
 
Hi Guys! I am offered 2.49% through Wells Fargo. I emailed asking for lower rate and they said 2.49 is the floor rate. I am seeing lower rate at CU. My understanding is unless I agree on the loan details, I wont be inline for VIN assignment. What are other people doing? Do I apply at CU and then let Tesla know that I have arranged alternate financing?
 
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